Hindustan Aeronautics (HAL) Share Price is fall to Rs 3823, Sell Side is an opportunity to make money.
Hindustan Aeronautics Limited (HAL) shares were trading at ₹4,437.65, reflecting a slight decline from the previous day’s close of ₹4,458.50. This represents a decrease of approximately 0.47% in value. The stock has shown significant volatility recently, with a notable high of ₹5,675 and a low of ₹1,768 over the past year.HAL is a prominent player in India’s defense sector, primarily involved in the manufacture and maintenance of aircraft and helicopters. The company’s market capitalization stands at around ₹3,20,507 crores, making it one of the leading companies in the aerospace and defense industry.
Main Points
As of today, HAL’s share price has experienced fluctuations throughout the trading session. The stock opened at ₹4,655 and reached a high of ₹4,786.15 before settling at its current price. Over the past six months, HAL shares have appreciated by approximately 43.19%, showcasing strong investor confidence and growth potential.
Key Metrics
- Current Price: ₹4,437.65
- Previous Close: ₹4,458.50
- Market Cap: ₹3,20,507 crores
- 52 Week High/Low: ₹5,675 / ₹1,768
- P/E Ratio: 38.88
- Dividend Yield: 0.73%
- EPS (TTM): ₹123.27
Understanding support and resistance levels is crucial for investors looking to make informed decisions about their investments in HAL shares.
Support Levels
- S1: ₹4,180
- S2: Not specified
- S3: Not specified
Resistance Levels
- R1: Not specified
- R2: Not specified
- R3: Not specified
These levels are derived from historical price movements and can help traders identify potential entry and exit points.
Hindustan Aeronautics has been actively involved in various projects that enhance its market position. Recently, the company received approval for a significant procurement deal worth ₹26,000 crores to supply engines for the Su-30 MKI aircraft. This development is expected to bolster HAL’s revenue streams and strengthen its role in India’s defense capabilities.
In addition to this major contract, HAL has also partnered with SAFHAL to develop next-generation helicopter engines named “Aravalli.” Such initiatives not only showcase HAL’s commitment to innovation but also its strategic importance in India’s defense landscape.
HAL has demonstrated robust financial performance over recent years. The company reported a profit growth rate of 26.5% CAGR over the last five years. Its return on equity (ROE) stands at an impressive 28.9%, indicating efficient management and strong profitability.
Despite these positive indicators, there are some concerns regarding sales growth which has been relatively modest at 8.71% over the past five years. Additionally, promoter holding has decreased slightly by 3.51%, which may raise questions among investors regarding insider confidence.
Market Sentiment
Investor sentiment surrounding HAL remains largely positive due to its strategic importance in the defense sector and consistent financial performance. The stock has provided impressive returns over the last three years, with a staggering increase of 597.26%, significantly outperforming both Nifty 100 and BSE Capital Goods indices.
The recent dip in share price might be attributed to profit booking by investors after a substantial rally earlier this year. However, analysts suggest that long-term prospects remain strong given HAL’s order book and ongoing projects
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
